He said, “We are also putting together a policy position to help expand the distribution network of the Discos and use this to distribute the 2000MW that is currently available but cannot be distributed.”
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Ike Amos 10 January 2018, Sweetcrude, Abuja – The Nigeria Natural Resource Charter, NNRC, has disclosed that regulatory authorities in the…
Ike Amos 10 January 2018, Sweetcrude, Abuja – Nigeria lost $76.59 million (about N23.74 billion) in one month, as oil and…
“In line with this aspiration, NNPC is collaborating with key stakeholders to improve the overall security of our production sites, crude export lines and other critical oil and gas infrastructure.”
Nigeria is among the world’s 10 cheapest places to buy petrol, which partly explains its recent fuel shortages. It also means that rising oil prices may be a double-edged sword for the country.
From the statistics, 190 people were victims of 146 electrical accidents throughout the whole year in 2017 in which 113 people died in 95 accidents while 77 others sustained injuries in another 51 accidents.
“Therefore, stick approach is the best answer to this problem. Government needs to treat IPMAN with an iron hand, revoke their licenses and re-introduce major marketers again. Anybody willing to continue with fuel business should be directed to register with a major marketer; this will give government a level of control over the business.”
09 January 2018, Sweetcrude, Lagos – Trading activities on the floor of Nigerian Stock Exchange for energy companies on Tuesday…
09 January 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $65.85 a barrel…
Figures obtained from the CBN on Monday indicated that the External Reserves reached the $40.4 billion mark on January 5, 2018, indicating an increase of about $1 billion between December 2017 and January 2018.